Closed

631 Brice

Lima, OH 45801

$19,900

MLS #309843

Bedrooms

9

Bathrooms

4

Type

Multi-Family

Year Built

1932

About this home

Attention investors! Prime opportunity to own a multi-family property zoned B-2 in an opportunity zone near the heart of Lima. The four-unit property requires extensive brick work, new roof and interior restoration due to storm damage but offers strong upside potential as a future cash-flowing asset. Buyer will need to do their own due diligence with the City of Lima, on any code violations or rehab requirements prior to purchase. Cash offers only, sold AS-IS. Roof and brick repair quotes are available for reference. Can be purchased as a package with 627 Brice and adjacent vacant parcel for $79,900. 627 Brice is currently rented for $950/month.

Property details

Listed: 5/21/2026
Listing office: Hartsock Realty
Listing agent: David Mayer
ZIP: 45801
Status: Closed

Investment property loan estimator

Purchase priceDown payment — 25% ($4,975)

Interest rate

%

Loan term

Property tax

%/yr

Insurance

$

HOA / fees

$

Estimated monthly

$303

per month, all-in

Principal & interest: $102
Property tax: $27
Insurance: $175

2–4 unit investment properties typically require 20–25% down for non-owner-occupied financing. Owner-occupied house-hacking (live in one unit) may qualify for 3.5–5% down with FHA/conventional. Estimates only.